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TITLE INSURANCE

We try to use title insurance for the protection of our clients where possible.  For further information about title insurance and its possible application to your real estate transaction, useful information can be accessed through the  Stewart Title Guarantee Company website.

WHAT IS TITLE INSURANCE

Title insurance provides homeowners and lenders with no-fault protection against title risks inherent in real estate transactions and fraud.   It is a means of insuring or indemnifying homeowners or lenders against loss or damage sustained by reason of:

Types of Covered Risks

· Liens, encumbrances, or defects in the title to a property.
· Defects that would have been revealed by an accurate up-to-date survey.
· Survey errors or illegibility.
· Forced removal of an existing structure, other than a boundary wall or fence.
· Work order, zoning and set back non-compliance/deficiency.
· Another party claims an interest in the property.
· The land is unmarketable, which allows another person to refuse to perform a contract to purchase, lease or make a mortgage.
· Fraud, forgery, duress, incompetence, incapacity or impersonation.
· Unregistered easements and rights of way.
· Loss of priority due to matters such as construction liens, agreements registered on title, and other mortgages.
· Lack of pedestrian and vehicular access to the property.
· Specific post-policy event coverage, as outlined in the Gold Policies.
· The authenticity of registered documents on title.
· Invalidity or unenforceability of the insured Mortgage upon the title.

Defence of Title Coverage

In addition to the actual coverage amount, the policies cover the costs, legal fees, and expenses associated with defending the insured's title against any litigation arising from covered title risks.